Falconer Heights, Edmonton - August 2026 Real Estate Report

Falconer Heights Real Estate Update: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you own a home in Falconer Heights, here is the short version: the city's assessment is lagging behind reality, the market is steady, and buyers are still showing up. This is not a neighbourhood in freefall. It is a neighbourhood catching its breath while holding its value.

Let's break it down by property type so you know exactly where you stand.

Houses - Solid Ground in a Cautious Market

Houses in Falconer Heights are moving at an average sale price of $639,000, with listings sitting at $654,350 right now. Buyers are paying about 97.72% of list price, which means they are negotiating a little - but not a lot. That is a stable, balanced dynamic. Nobody is panicking. Nobody is overpaying.

• Average sale price: $639,000
• Current average list price: $654,350
• Price per square foot: $340
• Average days on market: 46
• Sale-to-list ratio: 97.72%
• Properties sold in 2026: 15

The HonestDoor predicted market value for houses sits at $675,681 - and that number is climbing. It is up from the 3-month moving average of $664,529. That upward trend matters. It tells us the market is not just holding; it is quietly building momentum.

On the leaderboard, Falconer Heights houses rank 53 out of 292 Edmonton neighbourhoods for growth. That puts us in the top 20%. Days on market ranks 44 out of 108, meaning homes here sell faster than most. Price rank is 59 out of 285 - solidly above average for Edmonton.

Rental investors, take note. The estimated rent for a house here is $3,207 per month, with a rental yield of 5.29%. That is a strong return by any measure.

Condos - A Different Story Worth Watching

The condo side of Falconer Heights is a smaller slice of the market - only 1 sale recorded recently and 3 transactions in 2026 so far. With that small a sample, treat the numbers as directional, not definitive.

• Average sale price: $508,000
• Current average list price: $520,000
• Price per square foot: $345
• Average days on market: 35
• Sale-to-list ratio: 97.69%

Condos here are selling faster than houses - 35 days on market versus 46. And the price rank for condos is 10 out of 218 Edmonton neighbourhoods. That puts Falconer Heights condos among the most expensive in the city. If you own one, that is a strong position to be in.

Growth rank for condos sits at 111 out of 302 - above average, but not leading the pack. Days-on-market rank is 29 out of 111, which signals condos here move relatively quickly when they hit the market.

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Assessment Right Now

Here is the thing about your city assessment: it is a snapshot taken months ago, using data that is already old by the time it lands in your mailbox. It does not know what happened on your street last week. It does not adjust for current buyer demand or recent sales.

The HonestDoor Price is the real-world check. For houses in Falconer Heights, the average assessed value is $632,023. The average HonestDoor Price is $669,103. That is a gap of nearly $37,000 - and the HonestDoor number is the one that reflects what buyers are actually willing to pay today.

That $669,103 HonestDoor Price sits 5.87% above the average assessed value in Edmonton. In plain terms: if you are making any financial decision based on your assessment alone - whether that is refinancing, selling, or just understanding your net worth - you are working with an incomplete picture.

Check your HonestDoor Price. It is updated regularly. Your assessment is not.

The 'So What?' - Thinking About Selling This Summer?

If you are weighing a summer sale in Falconer Heights, here is the honest take.

The market is stable, not explosive. Buyers are active but disciplined - they will negotiate, and they have options. Homes are sitting for about 46 days on average, so price it right from day one. Overpricing by even 3-4% can push you past that window and into price-reduction territory, which is a harder conversation to have in August than in May.

The good news: your neighbours are not giving homes away. The 97.72% sale-to-list ratio means well-priced homes are closing close to ask. And with a predicted market value of $675,681 - trending upward - you are not selling into a declining market. You are selling into a steady one.

Compare that to nearby neighbourhoods and the picture gets interesting. Henderson Estates averages $886,437 on the HonestDoor Price. Carter Crest sits at $721,437. Rhatigan Ridge is at $780,858. Falconer Heights is the entry point into this pocket of southwest Edmonton - and for buyers who cannot stretch to those neighbouring price tags, your home is the logical next look.

Bottom line: price it accurately, lean on your HonestDoor Price as your anchor, and move before the fall slowdown. Summer is your window. Use it.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.